Journal Press India^®

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Purpose: The main purpose of this research is to highlights the problems in the various fields of Business Management, where SD can be applied effectively. Design/Methodology/Approach: This paper is designed to give a brief overview of the System dynamics (SD) methodology in terms of its foundations, foundations, philosophy and conceptual framework and it also tries to demonstrate the areas where the system dynamics methodology can be applied effectively to solve the different managerial problems in the various fields and levels of Business Management. Findings: The conclusion of the Research is that the Researcher has analysed a large number of studies and have been reported on SD applications at the corporate level, and in different functional areas. Research Limitations: The main limitation for this study is that it is based on limited secondary data. Replicating the research approach with more comprehensive data would result in deriving better conclusion. Managerial Implications: The implications of the management is that system dynamics has been applied in many fields, among them medicine, law, urban studies, global studies, environmental studies, information science, literature, history, economics, finance, chemistry, physics, etc. Originality/Value: This study showcased the original work of the authors in the field of System Dynamics (SD), a methodology that judiciously combines the traditional management with cybernetics and computer simulation so as to carry out sound policy analysis.

Keywords

System, Dynamics, Expectations, observations

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